Savola Group Among Top 100 Companies In Middle East According To Forbes
The ranking was based on market value, sales, assets, and profits
Savola Group, a leading strategic investment holding group in the food and retail sectors across the MENA region (the Middle East, and North Africa) continues to reinforce its position among the top 100 companies in the Middle East for the year 2021 according to "Forbes Middle East" magazine, where the Group was ranked as the 36th in the Middle East. The ranking was based on market value, sales, assets, and profits.
Waleed Fatani, Savola Group’s Chief Executive Officer said “Savola Group overcame the challenges of the year 2020 during the spread of the “Covid-19” pandemic and succeeded in transforming these obstacles into opportunities for growth. This transformation paved the way for us to safely overcome the difficulties and to map a clear path for what lies ahead which enabled Savola Group to continue its progress and to achieve further successes. This was reflected in the positive results announced during the year. The recognition stands as a proof of our commitment towards our markets as well of our support to our local communities and employees who contributed to these achievements”.
Savola Group, founded in 1979, is a leading strategic investment holding group in the food and retail sectors across the MENA region. It operates Savola Foods which produces and exports much-loved everyday household products including oil, sugar, and pasta to cover more than 50 countries around the world. It also operates the largest grocery store chain (Panda) with 205 stores in more than 42 cities across the Kingdom of Saudi Arabia and Egypt. It owns a stake of 34.52% in (Almarai) as well as a stake of 51% in Alkabeer Group for frozen foods Savola also owns the largest stake (49%) in Herfy Food Services Company which manages 400 outlets.
